Trump administration

Mattis resigns as defence chief, citing differences with Trump
(Dec 21): Defense Secretary Jim Mattis announced his resignation on Thursday, citing differences over policy with Donald Trump, a day after the president abruptly called for the withdrawal of American forces from Syria. Mattis informed the president of his decision in a meeting earlier in the afternoon in which the two discussed policy differences that have included the president’s decision ...
Fed's Powell says US outlook 'remarkably positive'
BOSTON (Oct 3): US Federal Reserve Chairman Jerome Powell on Tuesday hailed a “remarkably positive outlook” for the US economy that he feels is on the verge of a “historically rare” era of ultra-low unemployment and tame prices for the foreseeable future. It is a view, he said, based on how a changed economy is operating today, with businesses and households immunized by strong central ...
US-China trade talks grind to a halt
WASHINGTON (July 12): High-level trade talks between the US and China have ground to a halt as the Trump administration threatens to escalate a trade war that shows little sign of abating, according to five people familiar with the matter. The countries held three rounds of formal negotiations since May, led by US Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross and Vice ...
US moves forward on proposed US$200 bil China tariff list
WASHINGTON (July 11): The Trump administration pushed ahead with plans to impose tariffs on additional US$200 billion ($272 billion) in Chinese products by releasing a list of targets, marking a sharp escalation in a trade war between the world’s two largest economies. The tariffs could take effect after public consultations end on Aug. 30, according to a statement from the US Trade ...
China's push into western Pacific alarms US allies in Asia
(Jan 22): With the Trump administration warning of a possible war with North Korea, US allies in Asia are sounding the alarm on another risk: a clash with China in the western Pacific. China has recently accelerated air and naval excursions in sensitive areas near Japan and Taiwan, part of a longstanding quest to expand its military presence further from its shores into the Pacific Ocean. ...
Trump administration calls for major revamp of Wall Street rules
(June 13): The Trump administration laid out its highly anticipated plan for overhauling bank rules, calling on the government to ease, though not eliminate, many of the strictures that were imposed on Wall Street after the financial crisis. The changes, outlined in a report released Monday evening by the Treasury Department, urge federal agencies to re-write scores of regulations that bankers ...
G7 leaders expect Trump to make Paris accord decision this week
BERLIN/NEW YORK (May 23): World leaders expect President Donald Trump to announce this week whether the US will remain in the landmark Paris climate accord as they gather for the Group of Seven summit, Germany’s environment minister said. Trump, who has derided global warming as a hoax, will state his decision after arriving Friday for the two-day meeting in Taormina, Italy, Germany’s ...
Trump’s trade policy: growing risks to Asia
SINGAPORE (April 17): In the past two weeks, the Trump Administration has initiated a series of moves on trade, which shows that the US’ trade policies under its new president are beginning to take shape. While these policies are still evolving, there are several developments that will worry Asia and only a few positive changes. Asian economies have to accept that the trade environment is ...
Asia’s future: No escape from the US
SINGAPORE (March 20): Love it or hate it, Asia is inextricably tied to the US. And however much China has grown in importance, it is still the US that will be the principal driver of Asia’s fortunes in the next few years. The good news is the American economy appears poised for a strong pickup, one that will give a nice boost to the Asian economies. But beyond that cyclical bounce, several ...
Asia urged to ditch US and go ahead with regional trade deal
HONG KONG (March 8): Asian countries should pursue a Pacific trade pact even after the US walked away, and its standards should be incorporated into other regional deals, according to a report authored by half a dozen former trade envoys. Donald Trump withdrew from the 12-nation Trans-Pacific Partnership in one of his first acts as US president, throwing an agreement that covered 40% of the ...